HNZ up 1 cent on this news.
Not quite as exciting as what's going on at PEB - but nice that the Govt thinks HNZ is Ok for their entities to bank with.
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HNZ up 1 cent on this news.
Not quite as exciting as what's going on at PEB - but nice that the Govt thinks HNZ is Ok for their entities to bank with.
This is great news for Heartland, a real vote of confidence from the Government that they are on the right track. Nice one!
The problem with school fee loans though is that 'education' cannot be sold by the bank should the loan go bad. Yet overall I would say it is a good initiative, which could be nicley derisked for HNZ shareholders by Heartland raising a bit more capital from them.
SNOOPY
I like Chris Lees idea today re Kiwi bank and heartland merging. like it a lot.